National Pension System

PFRDA allows scheduled commercial banks to set up pension funds for managing NPS

PFRDA has named three new trustees to the NPS Trust Board through a formal selection procedure.

India lets $177 billion of pensions access far more assets

The move is expected to improve diversification and liquidity across portfolios as assets under management surge.

Haryana govt extends retirement gratuity and death gratuity benefits to employees under Unified Pension Scheme

The Haryana government had adopted the Unified Pension Scheme (UPS), notified by the Government of India under the National Pension System (NPS).

National Pension System: Why NPS should be a key investment for retirement

A predictable, low-cost and tax-efficient way to build long-term wealth.

Facing trouble submitting UPS form online? PFRDA issues fresh guidelines | Unified Pension Scheme

According to the Ministry of Finance, even eligible past retirees under NPS can exercise this option. But they must do so by the September 30 deadline.

Govt extends one-time option to employees who opted for NPS to migrate to Unified Pension Scheme

From April 1, 2025, the government has introduced UPS as an option under the National Pension System (NPS) for central government employees. UPS will provide assured payouts to the employees.

Employees entitled to assured payout on pro-rata basis on VRS after 20 years service or more: Govt

In case of death of a subscriber after taking VRS but before start of assured payout, legally wedded spouse shall be granted family payout from the date of death of the subscriber, it said.

UPS to NPS switch: Central govt launches one-time switch option for UPS to NPS

The rules govern service-related matters and benefits of Central govt employees who choose the UPS as an option under National Pension System.

No proposal under consideration for restoration of Old Pension Scheme: FM Sitharaman 

In a reply in the Lok Sabha, Sitharaman said that the government had moved away from OPS due to its unsustainable fiscal liability on the government exchequer.

How to choose the right annuity plan in NPS?

Compulsory annuitisation under NPS is an essential requirement for novice senior citizens. Before buying the annuity, a NPS subscriber has to assess his future financial needs, available annuity and payout options and also review the terms and conditions of the annuity contract, experts say.

NPS Vatsalya: A new savings scheme for minors with major shortcomings

NPS Vatsalya seems to be a non-starter in the present model and citizens have better avenues with accessibility and tax efficiency, like equity mutual funds available to save for their needs.

Centre may guarantee 50% of last pay as pension under NPS: Report

Officials contend that employees who remain invested for 25-30 years are currently experiencing satisfactory returns comparable to OPS pensioners.

How to make the best use of NPS investment choices and withdrawal options

By contributing to a Tier I (retirement) account, investors can secure their retirement foundation, enjoying the benefits of a disciplined savings mechanism and tax advantages, while Tier II (investment account) allows for the management of additional savings with greater flexibility, catering to evolving financial needs and opportunities.

NPS’ new systematic lump-sum withdrawal rules: Should you opt for it?

Go for systematic withdrawal if you are looking for regular income with higher returns that come with staying invested in equities. But if you wish to move your corpus to fixed income instruments, choose lump-sum withdrawal, say financial advisors.

National Pension System AUM set to touch Rs 12 lakh crore by March 2024: PFRDA Chairman

NPS crossed Rs 10 lakh crore in assets under management in August 2023.